Manager, International Tax

Company:  Scotiabank
Location: Toronto
Closing Date: 04-11-2024
Hours: Full Time
Type: Permanent
Job Requirements / Description
Is this role right for you? In this role, you will:  1. Assisting with quarterly reporting processes, including: Reviewing foreign subsidiaries’ tax provisions to confirm the current/deferred tax accounts on the income statement and balance sheet; Reviewing the reconciliation provided for the current and deferred balance sheet accounts; Ensuring accurate recording of the tax expense/benefit in relevant accounts; Preparing various computations such as foreign (business & non-business) tax credits and FAPI (as necessary); Preparing certain capital management reports (i.e., future tax losses, intangibles, deferred tax asset carryback analysis); Assist in the preparation of information pertaining to certain note disclosures as they relate to the Bank’s foreign subsidiaries; and Assist in the tax modelling, calculations, and compliance related to Global Minimum Tax (beginning in fiscal 2025). 2. Statutory effective tax rate planning and forecasting for international subsidiaries on a monthly basis. 3. Preparing the Bank’s foreign affiliate information reporting tax returns (T1134’s) and transactions with related non-residents (T106’s) in an accurate and timely manner. 4. Assisting the International Tax team with responding to audit queries in respect of the Bank and its foreign subsidiaries. 5. Providing informational and documentation support to the tax department and the Bank as a whole by assisting the International Tax team in answering queries and providing information and documentation in a timely and accurate manner and coordinating with the Canada Revenue Agency where required in respect of such queries, information or documentation. 6. Being responsible for the timely collection and filing of tax, financial, organizational, and other information in respect of the foreign affiliates of the bank (in soft and hard forms as required). The maintenance of organized files is a key requirement for this position. 7. Preparing and coordinating information for surplus computations and ACB. Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have: CPA or CA preferred. Knowledge of the Canadian foreign affiliate tax rules; experience in surplus calculations and FAPI regime is strongly preferred. Experience in preparing and reviewing tax provisions for financial reporting purposes in accordance with IFRS. Experience with taxation rules & accounting principles/standards in a jurisdiction other than Canada considered an asset (serving as a backstop to foundational Canadian taxation rules and accounting under IFRS). Proficiency with various & changing tax technologies (i.e., TaxPrep and others) in addition to the MS Office Suite of products (especially Excel), considered an asset. Proficiency in Spanish considered an asset. What’s in it for you? An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success! We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one! Your career matters! You will have access to career development and progression opportunities. #scotiafinancejobs
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